Gryphon settles spread on $50mn Wrigley cat bond 20% below initial targets
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Gryphon settles spread on $50mn Wrigley cat bond 20% below initial targets

Alex Frampton
18 June 2021
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Blackstone captive insurer Gryphon Mutual Insurance has told investors it will offer a final spread on its Wrigley cat bond in the middle of the range given in the last round of marketing.

The deal, which will be fronted by Hannover Re, will have a premium of 240 basis points (bps), compared with the 225-275 bps range last offered.

The

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NewsCatastrophe bonds
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Alex Frampton
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